The 15-minute chart for $COS is showing signs of exhaustion after failing to sustain momentum above the 0.001216 resistance level. We are currently witnessing a breakdown of the short-term MA(7) and MA(25), with price now sitting precariously on the MA(99) support at 0.001186. The recent price action has formed a distributive pattern, and the bearish engulfing candles on high volume suggest that sellers are stepping back in. If we lose this MA(99) level on a closing basis, we could see a quick slide back toward the 0.001164 liquidity zone.

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